Commercial/ Business Overdraft
This product, otherwise known as overdraft is designed for salary businesses to relief them from unforeseen business needs.
Features
- Applicant must have 3 months of active account with the bank
- Account must be consistently and actively operated
- Overdraft size is based on account turnover
- Short processing period
- Loan repayment period and tenor up to 6 months
- Subject to a revolving credit for 6 months
- Security is required for amount exceeding GHS100,000.00
- Landed property / vehicle can be used to secure this facility
Benefits
- Competitive interest rate
- It helps meet unforeseen financial needs
- Access to revolving credit
- Cash lien free